Golfsmith International Holdings, Inc. (GOLF) Expected to Post Earnings of $0.59 Per Share

Wall Street analysts predict that Golfsmith International Holdings, Inc. (NASDAQ:GOLF) will report $0.59 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Golfsmith International’s earnings, with estimates ranging from $0.49 to $0.70. Golfsmith International reported earnings per share of $0.51 in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The company is expected to report its next quarterly earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Golfsmith International will report full year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.82. For the next financial year, analysts anticipate that the firm will post earnings of $1.71 per share, with EPS estimates ranging from $1.60 to $1.95. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Golfsmith International.

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Golfsmith International (NASDAQ:GOLF) last issued its quarterly earnings data on Wednesday, March 7th. The specialty retailer reported $0.16 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.16. The firm had revenue of $351.40 million during the quarter, compared to the consensus estimate of $341.91 million. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis.

A number of brokerages have issued reports on GOLF. KeyCorp set a $26.00 price objective on shares of Golfsmith International and gave the stock a “buy” rating in a research report on Wednesday, March 7th. SunTrust Banks reiterated a “buy” rating and issued a $26.00 target price on shares of Golfsmith International in a research note on Wednesday. Zacks Investment Research cut shares of Golfsmith International from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Jefferies Group reiterated a “buy” rating and issued a $27.00 target price on shares of Golfsmith International in a research note on Wednesday, March 7th. Finally, Wells Fargo boosted their target price on shares of Golfsmith International from $23.00 to $24.00 and gave the company a “market perform” rating in a research note on Thursday, March 8th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Golfsmith International currently has a consensus rating of “Hold” and a consensus target price of $22.93.

GOLF stock traded up $0.10 during trading on Friday, reaching $24.21. The stock had a trading volume of 25,466 shares, compared to its average volume of 224,366. Golfsmith International has a one year low of $15.16 and a one year high of $24.41.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 19th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.15%. This is a boost from Golfsmith International’s previous quarterly dividend of $0.12. The ex-dividend date was Friday, March 16th.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GOLF. New York State Common Retirement Fund boosted its stake in Golfsmith International by 15.5% in the third quarter. New York State Common Retirement Fund now owns 78,310 shares of the specialty retailer’s stock valued at $1,391,000 after acquiring an additional 10,515 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Golfsmith International by 12.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 159,647 shares of the specialty retailer’s stock valued at $2,835,000 after buying an additional 18,071 shares in the last quarter. Deprince Race & Zollo Inc. lifted its stake in shares of Golfsmith International by 19.0% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,539,138 shares of the specialty retailer’s stock valued at $32,445,000 after buying an additional 245,523 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of Golfsmith International during the 4th quarter valued at approximately $223,000. Finally, Granite Investment Partners LLC lifted its stake in shares of Golfsmith International by 31.4% during the 4th quarter. Granite Investment Partners LLC now owns 879,968 shares of the specialty retailer’s stock valued at $18,550,000 after buying an additional 210,212 shares in the last quarter.

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Golfsmith International Company Profile

Golfsmith International Holdings, Inc, the parent company of Golfsmith International, Inc, is a holding company. The Company is a specialty retailer of golf and tennis equipment, apparel, footwear and accessories. The Company operates as an integrated multi-channel retailer, providing its customers the convenience of shopping in the retail stores across United States, through its Internet site, www.golfsmith.com, and from its catalogs.